Japanese investment firm and landlord Mitsui Fudosan sold a 21-story office building at 100 William Street for $170 million, Crain’s reported, citing unnamed sources.
Manulife, a Canadian insurance and financial services company, paid $10 million less than the seller did in 2007. The 400,000-square-foot Lower Manhattan building near John Street had trouble filling up with tenants. It became fully occupied last year after being one-third vacant for years, as previously reported.
The Motor Vehicle Accident Indemnification Corporation grabbed 22,300 square feet for rent in the high $30s per square foot, Crain’s said.
CBRE Group brokers Mark Ravesloot and Scott Sloves were in charge of leasing there. Darcy Stacom, also of CBRE, represented the seller in this deal. [Crain’s] — Mark Maurer